UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
SOLENO THERAPEUTICS, INC.
(Name of Issuer)
Common Stock, par value $0.001
(Title of Class of Securities)
834203309
(CUSIP Number)
September 28, 2023
(Date of Event Which Requires Filing of This
Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
¨
Rule 13d-1(b)
x Rule 13d-1(c)
¨
Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP No. 834203309
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1. |
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Names of Reporting Persons
I.R.S. Identification No. of Above Persons (Entities Only)
Fairmount Funds Management LLC
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2. |
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Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) ¨
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3. |
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SEC Use Only
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4. |
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Citizenship or Place of Organization
Delaware
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
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5. |
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Sole Voting Power
0
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6. |
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Shared Voting Power
950,000(1)
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7. |
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Sole Dispositive Power
0
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8. |
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Shared Dispositive Power
950,000(1)
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9. |
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Aggregate Amount Beneficially Owned by Each Reporting Person
950,000(1)
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10. |
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
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11. |
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Percent of Class Represented by Amount in Row (9)
6.2%(2)
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12. |
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Type of Reporting Person (See Instructions)
IA
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(1) The shares reported herein for the Reporting Person represent
950,000 shares of the Issuer’s Common Stock held by Fairmount Healthcare Fund II LP (“Fund II”) on September 28.
2023.
(2) Calculated based on 15,322,422 shares of the Issuer’s
Common Stock outstanding as of September 28, 2023, as reported by the Issuer directly to the Reporting Person. In the days following
September 28, 2023, the Issuer issued additional shares of Common Stock. By October 2, 2023, the Issuer’s Common Stock
outstanding had increased to 20,751,147 shares, as reported by the Issuer directly to the Reporting Person, which caused the Reporting
Person’s beneficial ownership percentage to fall below the reporting threshold to 4.6%.
CUSIP No. 834203309
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1. |
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Names of Reporting Persons
I.R.S. Identification No. of Above Persons (Entities Only)
Peter Harwin
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2. |
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Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) ¨
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3. |
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SEC Use Only
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4. |
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Citizenship or Place of Organization
United States
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
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5. |
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Sole Voting Power
0
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6. |
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Shared Voting Power
950,000(1)
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7. |
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Sole Dispositive Power
0
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8. |
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Shared Dispositive Power
950,000(1)
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9. |
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Aggregate Amount Beneficially Owned by Each Reporting Person
950,000(1)
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10. |
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
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11. |
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Percent of Class Represented by Amount in Row (9)
6.2%(2)
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12. |
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Type of Reporting Person (See Instructions)
HC, IN
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(1) The shares reported herein for the Reporting Person represent
950,000 shares of the Issuer’s Common Stock held by Fairmount Healthcare Fund II LP (“Fund II”).
(2) Calculated based on 15,322,422 shares of the Issuer’s
Common Stock outstanding as of September 28, 2023, as reported by the Issuer directly to the Reporting Person. In the days following
September 28, 2023, the Issuer issued additional shares of Common Stock. By October 2, 2023, the Issuer’s Common Stock
outstanding had increased to 20,751,147 shares, as reported by the Issuer directly to the Reporting Person, which caused the Reporting
Person’s beneficial ownership percentage to fall below the reporting threshold to 4.6%..
CUSIP No. 834203309
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1. |
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Names of Reporting Persons
I.R.S. Identification No. of Above Persons (Entities Only)
Tomas Kiselak
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2. |
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Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) ¨
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3. |
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SEC Use Only
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4. |
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Citizenship or Place of Organization
Slovak Republic
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
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5. |
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Sole Voting Power
0
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6. |
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Shared Voting Power
950,000(1)
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7. |
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Sole Dispositive Power
0
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8. |
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Shared Dispositive Power
950,000(1)
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9. |
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Aggregate Amount Beneficially Owned by Each Reporting Person
950,000(1)
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10. |
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
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11. |
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Percent of Class Represented by Amount in Row (9)
6.2%(2)
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12. |
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Type of Reporting Person (See Instructions)
HC, IN
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(1) The shares reported herein for the Reporting Person represent
950,000 shares of the Issuer’s Common Stock held by Fairmount Healthcare Fund II LP (“Fund II”).
(2) Calculated based on 15,322,422 shares of the Issuer’s
Common Stock outstanding as of September 28, 2023, as reported by the Issuer directly to the Reporting Person. In the days following
September 28, 2023, the Issuer issued additional shares of Common Stock. By October 2, 2023, the Issuer’s Common Stock
outstanding had increased to 20,751,147 shares, as reported by the Issuer directly to the Reporting Person, which caused the Reporting
Person’s beneficial ownership percentage to fall below the reporting threshold to 4.6%.
CUSIP No. 834203309
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1. |
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Names of Reporting Persons
I.R.S. Identification No. of Above Persons (Entities Only)
Fairmount Healthcare Fund II L.P.
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2. |
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Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ¨
(b) ¨
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3. |
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SEC Use Only
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4. |
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Citizenship or Place of Organization
Delaware
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
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5. |
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Sole Voting Power
0
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6. |
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Shared Voting Power
950,000(1)
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7. |
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Sole Dispositive Power
0
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8. |
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Shared Dispositive Power
950,000(1)
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9. |
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Aggregate Amount Beneficially Owned by Each Reporting Person
950,000(1)
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10. |
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
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11. |
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Percent of Class Represented by Amount in Row (9)
6.2%(2)
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12. |
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Type of Reporting Person (See Instructions)
PN
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(1) The shares reported herein for the Reporting Person represent
950,000 directly owned shares of the Issuer’s Common Stock as of September 28, 2023.
(2) Calculated based on 15,322,422 shares of the Issuer’s
Common Stock outstanding as of September 28, 2023, as reported by the Issuer directly to the Reporting Person. In the days following
September 28, 2023, the Issuer issued additional shares of Common Stock. By October 2, 2023, the Issuer’s Common Stock
outstanding had increased to 20,751,147 shares, as reported by the Issuer directly to the Reporting Person, which caused the Reporting
Person’s beneficial ownership percentage to fall below the reporting threshold to 4.6%.
EXPLANATORY NOTE
This joint statement on Schedule 13G is being filed by the Reporting Persons (as defined herein) to report the Reporting Persons’ beneficial ownership of the Common Stock of Soleno Therapeutics, Inc. As of September 28, 2023, the Reporting Persons collectively had aggregate beneficial ownership of approximately 6.2% of the Common Stock as a result of open market purchases.
The Issuer subsequently
issued additional shares of Common Stock, and as a result, as of the date of this Schedule 13G, the Reporting Persons no longer have
beneficial ownership in excess of five percent of the outstanding Common Stock.
Item 1.
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(a) |
Name of Issuer: Soleno Therapeutics, Inc. |
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(b) |
Address of Issuer’s Principal Executive Offices: 203 Redwood Shores Pkwy, Suite 500, Redwood City, CA 94065 |
Item 2.
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(a) |
Name of Person(s) Filing: This joint statement on Schedule
13G is being filed by Fairmount Funds Management LLC (“Fairmount”), Peter Harwin, Tomas Kiselak, and Fairmount Healthcare
Fund II L.P. (“Fund II”). Fairmount, Mr. Harwin, Mr. Kiselak, and Fund II are collectively referred to herein as
the “Reporting Persons.”
The Common Stock reported herein is beneficially owned directly by
Fund II. Fairmount Healthcare Fund II GP LLC is the general partner of Fund II. The controlling persons of Fairmount are Mr. Harwin
and Mr. Kiselak. Fairmount serves as investment adviser for Fund II and may be deemed a beneficial owner, for purposes of Section 13(d) of
the Act, of any securities of the Issuer held by Fund II. Fund II has delegated to Fairmount the sole power to vote and the sole power
to dispose of all securities held in Fund II’s portfolio, including the shares of the Issuer’s Common Stock reported herein.
Because Fund II has divested voting and investment power over the reported securities and cannot revoke such delegation on less than 61
days’ notice, Fund II disclaims beneficial ownership of the securities for purposes of Section 13(d) of the Act and therefore
disclaim any obligation to report ownership of the reported securities under Section 13(d) of the Act. As managing members of
Fairmount, Mr. Harwin and Mr. Kiselak may be deemed beneficial owners, for purposes of Section 13(d) of the Act, of
any securities of the Issuer beneficially owned by Fairmount. Fairmount, Mr. Harwin, and Mr. Kiselak disclaim beneficial ownership
of the securities reported in this Schedule 13G Statement (the “Statement”) other than for the purpose of determining their
obligations under Section 13(d) of the Act, and the filing of the Statement shall not be deemed an admission that any of Fairmount,
Mr. Harwin, or Mr. Kiselak is the beneficial owner of such securities for any other purpose. |
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(b) |
Address of Principal Business Office: The principal business office of the Reporting Persons is c/o Fairmount Funds Management LLC, 200 Barr Harbor Drive, Suite 400, West Conshohocken, PA 19428. |
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(c) |
Citizenship: Fairmount is a Delaware limited liability company.
Mr. Harwin is a United States citizen. Mr. Kiselak is a Slovak Republic citizen. Fund II is a Delaware limited partnership.
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(d) |
Title of Class of Securities: Common Stock, par value $0.001
(“Common Stock”)
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(e) |
CUSIP Number: 834203309
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Item 3. |
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
Not applicable.
(a) |
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
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(b) |
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
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(c) |
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
(d) |
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
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(e) |
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
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(f) |
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
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(g) |
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
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(h) |
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
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(i) |
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
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(j) |
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A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
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(k) |
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Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: _______________. |
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount
Beneficially Owned:
As of September 28, 2023, Fund II held 950,000 shares of Common
Stock.
(b) Percent
of Class:
See the response(s) to Item 11 on the attached
cover page(s).
(c) Number
of shares as to which such person has:
(i) sole
power to vote or to direct the vote:
See the response(s) to Item 5 on
the attached cover page(s).
(ii) shared
power to vote or to direct the vote
See the response(s) to Item 6 on
the attached cover page(s).
(iii) sole
power to dispose or to direct the disposition of
See the response(s) to Item 7 on
the attached cover page(s).
(iv) shared
power to dispose or to direct the disposition of
See the response(s) to Item 8 on
the attached cover page(s).
As stated in the Explanatory Note, as a result of the issuance of additional
shares of Common Stock, Fairmount, Mr. Harwin, and Mr. Kiselak collective beneficial ownership is approximately 4.6% of the
outstanding shares of Common Stock as of October 2, 2023.
Item 5. |
Ownership of Five Percent or Less of a Class |
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the
following ⌧.
Item 6. |
Ownership of More than Five Percent on Behalf of Another Person |
Not applicable.
Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person |
Not applicable.
Item 8. |
Identification and Classification of Members of the Group |
Not applicable.
Item 9. |
Notice of Dissolution of Group |
Not applicable.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction
having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and correct.
Dated: October 9, 2023
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FAIRMOUNT FUNDS MANAGEMENT LLC |
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By: |
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/s/ Peter Harwin |
/s/ Tomas Kiselak
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Name: |
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Peter Harwin |
Tomas Kiselak |
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Title: |
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Managing Member |
Managing Member |
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PETER HARWIN |
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By: |
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/s/ Peter Harwin |
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TOMAS KISELAK |
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By: |
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/s/ Tomas Kiselak |
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FAIRMOUNT HEALTHCARE FUND II L.P.
By: Fairmount Healthcare Fund II GP LLC |
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By: |
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/s/ Peter Harwin |
/s/ Tomas Kiselak
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Name: |
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Peter Harwin |
Tomas Kiselak |
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Title: |
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Member |
Member |
Exhibit A
Joint Filing Agreement
In accordance with Rule 13d-1(k)(1) under
the Securities Exchange Act of 1934, as amended, the undersigned and each other person executing this joint filing agreement (this “Agreement”)
agree as follows:
(i) The undersigned and each other person
executing this Agreement are individually eligible to use the Schedule 13G to which this Exhibit is attached and such Schedule 13G
is filed on behalf of the undersigned and each other person executing this Agreement; and
(ii) The undersigned and each other person
executing this Agreement are responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness
and accuracy of the information concerning such person contained therein; but none of the undersigned or any other person executing this
Agreement is responsible for the completeness or accuracy of the information statement concerning any other persons making the filing,
unless such person knows or has reason to believe that such information is inaccurate.
This Agreement may be executed in any number of counterparts, each
of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same instrument.
Dated: October 9, 2023
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FAIRMOUNT FUNDS MANAGEMENT LLC |
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By: |
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/s/ Peter Harwin |
/s/ Tomas Kiselak
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Name: |
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Peter Harwin |
Tomas Kiselak |
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Title: |
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Managing Member |
Managing Member |
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PETER HARWIN |
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By: |
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/s/ Peter Harwin |
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TOMAS KISELAK |
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By: |
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/s/ Tomas Kiselak |
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FAIRMOUNT HEALTHCARE FUND II L.P.
By: Fairmount Healthcare Fund II GP LLC |
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By: |
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/s/ Peter Harwin |
/s/ Tomas Kiselak
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Name: |
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Peter Harwin |
Tomas Kiselak |
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Title: |
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Member |
Member |
Soleno Therapeutics (NASDAQ:SLNO)
過去 株価チャート
から 4 2024 まで 5 2024
Soleno Therapeutics (NASDAQ:SLNO)
過去 株価チャート
から 5 2023 まで 5 2024